33-unit residential new construction, zoned CMX2.5.
A 33-unit residential building is set to rise at 965 Frankford Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Feb 14, 2019.
The 9,892 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2018. The plans call for new construction of a five story structure with walk-out fifth floor terrace for use as multi-family dwelling (33 total units) with a shell non-residential space (use registration and c.o. permits required prior to occupancy) and residential amenities on the first floor as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. first floor to be of type ia construction and type va construction above per horizontal building separation allowance, section 509.2 of 2009 ibc. *see permit no. 934803 for foundation work* **separate permits required for mep & fire suppression work*.
The owner of record is 965 Frankford LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 941 units of new supply — including the 78-unit project at 1000-10 N Delaware Ave, the 107-unit project at 1122 Frankford Ave, the 182-unit project at 1130 N Delaware Ave. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 85 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 85 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.